price support

noun

Definition of price support

: artificial maintenance of prices (as of a raw material) at some predetermined level usually through government action

Examples of price support in a Sentence

Recent Examples on the Web So far, right-wing populist parties have largely benefited from new divisions in the electorate over housing, with people living in areas untouched by the boom in property prices supporting causes like Brexit in greater numbers. Benjamin Mueller, New York Times, "The Driving Force in Irish Politics? Finding a Decent Place to Live," 29 Feb. 2020 Yet despite taxpayer funding of these efforts, Azar speculated that vaccines might not be affordable to all and dismissed the idea of using price supports to ensure that poor people would have access to the vaccine. Gavin Yamey, STAT, "A coronavirus vaccine should be for everyone, not just those who can afford it," 5 Mar. 2020 Right-wing populist parties have largely benefited from new divisions in the electorate over housing, with people living in areas untouched by the boom in property prices supporting causes like Brexit in greater numbers. Benjamin Mueller, BostonGlobe.com, "The driving force in Irish politics? Finding a decent place to live," 29 Feb. 2020 The 1933 Agricultural Adjustment Act, part of the Depression-era New Deal, introduced government price supports, paying farmers to leave grain and cotton fields idle and shrink hog herds. Jacob Bunge, WSJ, "How Farm Aid Became a Fixture," 26 July 2018 The drug maker has argued that pricing supported further innovative research. Ed Silverman, STAT, "HHS sues Gilead for refusing to reach a licensing deal over patents for HIV prevention pills," 7 Nov. 2019 Then, the same government responds to the farmers’ plight with a barrage of handouts, price supports, subsidized loans and debt-relief measures for them, which many other countries also do. Krishna Pokharel, WSJ, "Indian Farmers Despair, Planting Seeds of Doubt About Modi’s Re-Election," 14 Jan. 2019 Farmers and supporters rally in 1983 in Iowa, seeking price supports for crops and a moratorium on farm foreclosures. Jacob Bunge, WSJ, "How Farm Aid Became a Fixture," 26 July 2018 Analysts said monthly government data last week that showed U.S. oil production fell to 10.4 million barrels a day in May from 10.5 million in April is also providing price support. Christopher Alessi, WSJ, "Oil Rises on Saudi Output, Iran Sanctions," 6 Aug. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'price support.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of price support

1927, in the meaning defined above

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The first known use of price support was in 1927

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Cite this Entry

“Price support.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/price%20support. Accessed 23 Nov. 2020.

More from Merriam-Webster on price support

Britannica.com: Encyclopedia article about price support

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